Sunday, September 28, 2025

Vietnamese

transfer

Updates related to transfers

Bắt buộc mua từ 2 chỉ vàng trở lên phải chuyển khoản

Must transfer money to buy 2 taels of gold or more

The State Bank of Vietnam (SBV) has just announced a draft amendment to Decree 24/2012/ND-CP, stipulating that gold buying and selling transactions of 20 million VND/day or more must be carried out via bank transfer, instead of cash.

Buying and selling gold from 20 million VND must be transferred: Calculated by day or by transaction?

Regarding the proposal to transfer money when buying and selling gold worth 20 million VND or more, the Ministry of Public Security said that it is necessary to clearly stipulate the value of 20 million VND for each transaction or the total value of transactions each day to avoid "circumventing the law" by dividing transactions into smaller ones.
New regulation when purchasing over 5 million must transfer money to get tax deduction

From July 1, 2025, Decree 181/2025/ND-CP requires non-cash payments for transactions of VND5 million or more to be deducted from input value-added tax (VAT), according to new regulations of the Government.

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